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of the eurozone shows continued slump in services activity. >>> plus first lady michelle obama fires up the base in the democratic national convention, making the case for voters to give her husband a second term in office. >>> let's check in on markets as we sort of near the beginning of the u.s. trading session. dow jones industrial average sitting below that 13,000 mark is looking to open lower, taking fair value into account by about 35 point. nasdaq, s&p 500 are also in the red this morning a bit of a bigger move than we've seen with indecks in the last couple weeks. part keying off attitudes we've seen in markets overnight. let's take a look at cnbc ftse 100, down spurred by parts of asian demand, the fedex profit warning we've talked about, or change in guidance, that is, european markets for their part are also in red. ftse 100 down despite better tone. xetra dax down 0.3 trs. it's unusual for us to see all the vorcies doing the same thing. >> that eurozone pmi is coming out, nudged down from the flash number. what's the impact on the spanish bond yield? they are lower than we were two d
. michelle obama speaks sprim time today and julien castro will give the key address. >>> mitt romney isn't enjoying the traditional post convention bounce. gallup poll rated 38% as the acceptance speech was good. >>> stick around, still to come on the program, monetary affairs commissioner olli rehn says they should be monitored by the ecb? a passionate belief, and the foundation on which merrill lynch has been built. today, our financial advisors lead from a new position of strength. together with bank of america, they have access to more resources than ever before. a steadfast commitment to help you achieve your financial goals in life. that's the power of the right advisor. that's merrill lynch. >>> here are the headlines. the ecb moves closer to unveiling bond buying plan as president draghi insists it does not breach rules on state aid. >>> david cameron prepares a cabinet reshuffle but finance minister george osborne looks set to survive. >>> central bank says it's less certain of outlook on china as australia's biggest iron ore producer has slashed spending. >>> democrats kick off
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